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Foreigner takeover

It’s happening now on Mount Pleasant Village Park. Foreigners have taken it over all day long - without permit!

Fund’s record $75m inflow builds RF Bank ‘war chest’

A Bahamian investment bank yesterday said it expects to match last year’s record $75m inflow into its fixed income fund and further build a “war chest” to deploy as possibilities emerge in 2022.

IDB pledged $59m Bahamas savings through guarantee

The Bahamas would save $59m per year via a $200m guarantee from the Inter-American Development Bank (IDB) to underwrite a proposed foreign currency bond issue, it has been asserted.

Ex-judge and QC fight over who should be paid costs

An ex-Supreme Court judge and top QC are battling over who is entitled to receive $114,793 in costs awarded with Western Air’s successful $1.5m claim against the Airport Authority.

Minister: Investors only ‘prefer’ short term Gov’t bonds

A Cabinet minister yesterday conceded that Bahamian investors are only interested in short-term government debt after a one-year issue was oversubscribed by 14 percent.

Deandre Ayton posts his 17th double double of the season

DEANDRE Ayton was off his minutes restriction and had his most dominant performance of the three games he has been back on the floor since his return from an ankle injury.

Local broker’s Grand Lucayan role is ‘exactly what we want’

A Bahamian realtor yesterday hailed the involvement of a local broker in facilitating the Grand Lucayan’s sale as “exactly what we want”.

FACEBOOK’S parent company, Meta (FB), has not had a bad year. Not every company can claim to have increased its sales by 37 percent in one year. The social networks, Facebook and Instagram, as well as the messenger, Whatsapp, generated almost $118bn following $86bn in the previous year. A good $29bn of that remains as profit.

Domestic Gov’t bond just 25% subscribed

Concerns were raised last night over investor appetite for the Government’s debt after just 25 percent of a recent $47.326m bond issue was picked up by the market.

Personal income tax

Great attorney Andrew Allen has responded to my response to his original proposal for increased Company Tax and new Personal Income Tax...he seems hell bent and strong that this is the better fiscal and financial policy approach... hang in, Mr Allen.

Ayton back to work

Phoenix Suns centre Deandre Ayton returned to the starting lineup for the first time since January 16 and the NBA’s No.1 overall seed continued its win streak.

External reserves to end 2022 ‘not far from’ $2bn

The Central Bank’s governor yesterday predicted that The Bahamas’ external reserves will end 2022 “not far off $2bn” and ensure the US dollar exchange rate peg faces “no undue pressure”.

Bank governor eases 2022 growth forecast

The Central Bank’s governor yesterday moderated his 2022 economic growth projection to “over 5 percent” with the tourism industry not returning to pre-COVID levels in the year’s first half.

Employment won’t return to pre-Dorian levels until 2025

Bahamian employment will not fully recover to pre-COVID and Dorian levels until 2025, marking a six-year stretch where the economy has endured elevated jobless numbers.

Hotel chief backs ‘diversity’ from Emirates tourism deal

The Bahamas Hotel and Tourism Association (BHTA) president says “diversity is important” after this nation signed an agreement with Emirates Group to promote its largest industry.

Gov’t predicts national debt’s peak at $11.2bn

The Bahamas’ national debt is forecast to peak at $11.2bn in the 2023-2024 fiscal year, it was revealed last night, and return to the legally-required 50 percent of GDP threshold by the next decade.

Deltec creates ‘one of largest banks’ with Ansbacher deal

Deltec Bank & Trust last night said it will become “one of the largest international private banks in The Bahamas” with its acquisition of rival institution Ansbacher (Bahamas).

Softball fields being refurbished

WITH the new baseball stadium now projected to be completed by the end of the year, the Ministry of Youth, Sports and Culture is partnering with a number of local companies to renovate the softball fields at the Baillou Hills Sporting Complex free of charge.

$50m target for RF private equity fund

A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.

Restoring fiscal health, investing in our future

In 2022, the Davis administration is laser-focused on moving The Bahamas beyond recovery into a period of robust, broad-based economic growth. This means building an economy that widens the circle of opportunity and lifts all Bahamians - not just a few.

The Tribune

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